Ativo Capital Management LLC Has $1.39 Million Stake in HSBC Holdings plc (NYSE:HSBC)

Ativo Capital Management LLC decreased its stake in HSBC Holdings plc (NYSE:HSBC) by 2.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 28,070 shares of the financial services provider’s stock after selling 603 shares during the quarter. HSBC accounts for about 1.4% of Ativo Capital Management LLC’s portfolio, making the stock its 21st largest position. Ativo Capital Management LLC’s holdings in HSBC were worth $1,388,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Berbice Capital Management LLC bought a new stake in shares of HSBC in the fourth quarter worth about $25,000. Venturi Wealth Management LLC increased its holdings in shares of HSBC by 58.2% in the fourth quarter. Venturi Wealth Management LLC now owns 571 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 210 shares in the last quarter. Larson Financial Group LLC increased its holdings in shares of HSBC by 138.5% in the third quarter. Larson Financial Group LLC now owns 775 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 450 shares in the last quarter. Brooklyn Investment Group bought a new stake in shares of HSBC in the fourth quarter worth about $49,000. Finally, Allworth Financial LP increased its holdings in shares of HSBC by 40.9% in the third quarter. Allworth Financial LP now owns 1,367 shares of the financial services provider’s stock worth $62,000 after acquiring an additional 397 shares in the last quarter. Institutional investors and hedge funds own 1.48% of the company’s stock.

HSBC Stock Up 0.2 %

NYSE:HSBC opened at $56.07 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.96 and a current ratio of 0.96. The company has a market cap of $200.81 billion, a PE ratio of 9.04, a PEG ratio of 1.50 and a beta of 0.54. HSBC Holdings plc has a 52-week low of $36.93 and a 52-week high of $57.08. The stock has a 50-day simple moving average of $51.26 and a 200 day simple moving average of $47.09.

HSBC (NYSE:HSBC) last posted its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.04. The business had revenue of $11.56 billion during the quarter, compared to the consensus estimate of $13.79 billion. HSBC had a return on equity of 12.14% and a net margin of 16.17%. On average, sell-side analysts expect that HSBC Holdings plc will post 6.66 EPS for the current fiscal year.

HSBC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, March 7th will be given a dividend of $1.80 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $7.20 annualized dividend and a yield of 12.84%. HSBC’s dividend payout ratio (DPR) is presently 31.94%.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft downgraded HSBC from a “buy” rating to a “hold” rating in a report on Monday, February 3rd.

HSBC Company Profile

HSBC Holdings plc provides banking and financial services worldwide. The company operates through Wealth and Personal Banking, Commercial Banking, and Global Banking and Markets segments. The Wealth and Personal Banking segment offers retail banking and wealth products, including current and savings accounts, mortgages and personal loans, credit and debit cards, and local and international payment services; and wealth management services comprising insurance and investment products, global asset management services, investment management, and private wealth solutions.